The U.S. dollar fell 0.5 percent against a basket of currencies after rallying for six consecutive days, as investors looked to book profits. The yen rebounded 0.7 percent against the dollar, halting declines against the greenback as Japan has threatened to intervene on its currency.
KUALA LUMPUR: Malaysia could consider a framework for the yuan-ringgit cross currency market as it looks to boost the use of the Chinese currency in its market, a central bank official said.
The framework will be similar to the existing Thai baht-ringgit agreement that gave market makers certain flexibilities to facilitate doing business, Bank Negara assistant governor Adnan Zaylani Mohamad Zahid said in a speech posted on the central bank’s website. (http://bit.ly/2f8wuVV)
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